OceansApart to raise funding from China-based Auster Capital.

OceansApart, a Berlin, Germany-based D2C producer of sports apparel, announced that it secured additional capital for adding Auster Capital in the captable.

Financial details were not disclosed. The founders Susanna Wagner and Paul Engelmann will continue in their roles and remain significant shareholders alongside the new and existing shareholders. Rise Up Fashion (oceansapart), the legal entity owning oceansapart, sold its majority equity package to Altor Funds in August 2021.

oceansapart, founded in 2018 by Susanna Wagner and Paul Engelmann, produces non-competitive activewear apparel company serving a growing community focused on inclusivity and diversity rather than just sports performance. The activewear designs include leggings, bras, hoodies and activewear accessories targeting mainly female Gen Y and Gen Z customers. oceansapart's core market comprises the DACH region with recent entries into France, Italy, Poland and Spain. Its success is centred around clear product design, digital and influencer led marketing driven by a powerful analytics platform.